Rizzo Group AB (OSTO:RIZZO B) Long-Term Capital Lease Obligation : kr28.6 Mil (As of Nov. 2023)

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What is Rizzo Group AB Long-Term Capital Lease Obligation?

Rizzo Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was kr28.6 Mil.

Rizzo Group AB's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (kr65.1 Mil) to Aug. 2023 (kr32.5 Mil) and declined from Aug. 2023 (kr32.5 Mil) to Nov. 2023 (kr28.6 Mil).

Rizzo Group AB's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (kr97.7 Mil) to Aug. 2022 (kr48.6 Mil) and declined from Aug. 2022 (kr48.6 Mil) to Aug. 2023 (kr32.5 Mil).

Rizzo Group AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rizzo Group AB's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rizzo Group AB Long-Term Capital Lease Obligation Chart

Rizzo Group AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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75.00

97.66

48.60

32.48

Rizzo Group AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															33.30	38.40	65.10	32.48	28.60

Rizzo Group AB (OSTO:RIZZO B) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Rizzo Group AB (OSTO:RIZZO B) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rizzo Group AB (OSTO:RIZZO B) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

8Q2:Germany

Address

Linnegatan 89 C, Stockholm, SWE, 104 50

Website

http://www.rizzogroup.se

Rizzo Group AB retails accessories, travel accessories and footwear products. The company operates through two business areas namely the Rizzo and, Accent and Morris chains. In the accessories business area, the Accent and Morris chains offer a selection of accessories and travel goods. The Rizzo business area, is involved in the manufacture of footwear and accessories.

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